|
Portsmouth Office One New Hampshire Avenue, Suite 125 Portsmouth, NH 03801 USA Tel. (603) 766-1910 Fax. (603) 766-1901 mailbox@biz-patlaw.com |
|
Mesmer & Deleault, PLLC |
|
Manchester Office
(Main Office) 41 Brook Street Manchester, NH 03104 USA Tel. (603) 668-1971 Fax. (603) 622-1445 mailbox@biz-patlaw.com |
|
Limited Liability Companies (LLCs) combine features from
all of the previous business forms. An LLC, like a corporation, is a separate legal entity that can own property, transact business, and become involved in lawsuits. The owners of an LLC are called members. Generally, the members are not personally responsible for any debts or legal claims against the LLC, only the LLC itself is responsible. This is known as the “liability shield.” YES. LLCs must comply with state laws similar to those of corporations and pay state fees for both the creation and continued operation of the LLC. If elected, the LLC is taxed like a partnership; that is, the income of the LLC is directly taxable to its members. There is no tax at the entity level. YES. For further information on limited liability companies, please request our Limited Liability Company brochure |
|
What is a limited liability
company? |
|
Who are the owners of a limited liability company? |
|
Do shareholders have any personal liability for debts and claims against the corporation? |
|
Are there special requirements when forming a limited liabilitycompany? |
|
How is the limited liabiity company taxed? |
|
Are there other aspects of a limited liability company that I should be aware of? |
|
Prevention is better than
cure. |
|
TM |
|
Copyright 2009-2011 Mesmer & Deleault, PLLC, all rights
reserved. |
|
Business, Patent, Trademark, Estate Planning, and
Litigation Attorneys |